Is a BOP cheaper than separate policies?

It often costs less than buying general liability and property separately, but pricing depends on the insurer, your class of business, and your claims history. A licensed agent can compare both approaches.

Can contractors get a BOP?

Some can, depending on the trade, payroll, and the insurer's rules. Trades with higher-risk work are often written on separate policies instead.

Coverage guide

Business owner's policy (BOP)

A business owner's policy (BOP) packages general liability and commercial property, and often business income, into one policy for small and mid-sized businesses that fit the insurer's eligibility rules. It can be simpler than buying each policy separately, but it is not a fit for every business, and it does not include commercial auto, workers' compensation, or professional liability.

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What business owner's policy commonly covers

Who usually carries it

Offices, retail stores, and small service businesses
Some contractors and restaurants that meet an insurer's eligibility rules
Businesses with a modest amount of property and liability exposure

Commonly covered

General liability for injuries and property damage to others
Your building, if owned, and business personal property
Business income after a covered property loss, in many BOPs
Optional additions such as equipment breakdown or hired and non-owned auto

Commonly excluded or limited

Commercial auto, workers' compensation, and professional liability
Businesses outside the insurer's eligible classes or size limits
Tools and equipment away from your premises, unless added
Flood and earthquake

This page is general information about how these policies commonly work. Every policy's own forms, endorsements, and exclusions decide what it covers. For advice about your business, talk with a licensed insurance agent.

Before your renewal or your next contract

What to check on your own policy

Whether your business still meets the BOP's eligibility rules as it grows
Liability limits compared with your contracts and lease
Property valuation and business income limits
Optional coverages you added, or may be missing, such as equipment breakdown
Whether separate policies would fit better as operations change

Not sure what your policy says?

Upload your declarations page. The free AI coverage check lists your coverages, limits, and deductibles in plain language and flags items to discuss with a licensed agent.

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Industries that often ask about business owner's policy

Business owner's policy questions

Know what you're covered for before you need it.

Check your coverage free in about a minute, then talk with a licensed agent about anything you want to change or quote.